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The story primarily revolves around high school student Kaito Kid, who is fascinated by magic. In his room, behind a hidden door, he discovers the costume of the world-famous thief, the Phantom Thief Kaito Kid. After donning the Phantom Thief's costume, Kaito Kid encounters his father's former assistant, Kojiro Hidaka, who reveals that Kaito Kid's father, the world-renowned magician Kaito Kid, is actually the Phantom Thief. Furthermore, Kaito Kid learns that his father was not killed in an accident but was assassinated. To uncover the truth about his father's death and find the person responsible for his murder, Kaito Kid decides to investigate as the second Phantom Thief. While operating as the Phantom Thief, Kaito Kid encounters a mysterious organization that refers to him as "Kaito Kid," which turns out to be the very group responsible for his father's death. The story then officially begins as Kaito Kid sets out to uncover the truth and seek revenge.